You know chit don’t seem right when your groceries alone, not even including fast food / restaurant dining, is about the same if not more than your mortgage payment.
Now that AI tech is going full swing in implementation across multiple industries in the U.S., prepare for stagflation.
Historically, stagflation occurs when high unemployment, slow economic growth and high inflation all happen at the same time. Powell compared today’s economy, with both inflation rates and the unemployment rate below 4%, to that of the 1970s, the decade when most economists consider stagflation to have taken root. May 1, 2024
It’s crazy. I’m spending like 500-800 max and I’m not really tryharding. No idea how anybody can spend like 3k and complain about how the whole system is wrong.
Ngl, just had a kid and I spend less on food because we don’t go out as often. It’s more of a hassle. And when we do go out we don’t get drinks or at least one of us doesn’t because we can’t take cabs with a baby.
Even with the multiple kid argument, there are economies of scale. You could almost make an argument that it’s more justifiable to eat out when you are single since most recipes seem scoped for a family and you might waste more food if you aren’t diligent about leftovers
You know chit don’t seem right when your groceries alone, not even including fast food / restaurant dining, is about the same if not more than your mortgage payment.
Now that AI tech is going full swing in implementation across multiple industries in the U.S., prepare for stagflation.
Honestly, if food was as much as mortgage, that’s not too bad. It’s bad when those combined are more than 3/4 the average income.
The real problem is pay is extremely low for the productivity.
So you are telling me your food bill is $2-3k/mo ??
Wtf are you buying?
It’s crazy. I’m spending like 500-800 max and I’m not really tryharding. No idea how anybody can spend like 3k and complain about how the whole system is wrong.
Maybe op has 16 kids?
they have kids and/or buying prepared foods/takeout
Ngl, just had a kid and I spend less on food because we don’t go out as often. It’s more of a hassle. And when we do go out we don’t get drinks or at least one of us doesn’t because we can’t take cabs with a baby.
Even with the multiple kid argument, there are economies of scale. You could almost make an argument that it’s more justifiable to eat out when you are single since most recipes seem scoped for a family and you might waste more food if you aren’t diligent about leftovers
No, just over $1100 for the month. This of course includes, ever so often things like cleaning supplies, and toiletries.
Average US mortgage is over $2k which is why people are confused.
All that avocado toast shakes fist
My total food bill is almost a $1000. I’m single and live in a city.
65% of it is groceries. Nothing fancy. It costs me $150 a week for the basics. Veggies, few lbs of meat, dairy etc.
Could I cut back and only eat rice and canned/frozen foods? Yes. But I want to eat good fresh food. I drop about $50 in produce a week alone.
So you spend $400/month on restaurants?
$150 x 4 = $600/month.
That lines up with the ‘65% of it is groceries’ part. 35% of almost $1000 is a bit shy of $350.
That’s a lot of take out.
Assuming you’re in the US, that’s either a really cheap mortgage or a huge family. Where are you seeing grocery expenses exceed mortgage payments?